Under what circumstances will an organisation implement EPM Cloud ? Once Oracle ERP Cloud is implemented ,it is able to support Budgeting,Budgetary Control, Financial Consolidations(Intercompany eliminations etc.) and Period Close.

What are the main drivers for an organisation to implement EPM Cloud when they have ERP Cloud already implemented ?Understand that EPM is a special/fine tuned product to cater for mentioned functions and has integration easily built with ERP Cloud.

Best Comment

Hi ERP Cloud and EPM Cloud serve completely different purposes. ERP Cloud is focused on transactional processing and coordinating the company’s resources, providing operational data to that company. ERP helps the organization determine the best ways to use given resources within the company on a day to day basis EPM Cloud supports the management processes that the enterprise can use to improve profits, and performance. It is used to help management optimise performance and get the most from its investments. EPM is designed to help the enterprise set goals, develop and execute plans and make changes needed through periodic reviews of results ERP may be able to hold a budget, but it can't be used to prepare a budget - the modelling exercise usually carried out in Excel. Neither can it carry out advanced Forecasting or planning. The EPM products come with advanced calculation and modelling capabilities, ERP doesn't, it may have some limited basic calculation features. PCMCS is a multi Stage allocation application. In basic terms ERP cannot cover this process. EDMCS, Master Data Management and Mapping, ERP cannot do this. EPBCS/PBCS advanced planning, budgeting and Forecasting, ERP cannot do this. A company could have multiple PBCS applications supporting a variety of markets, functions, business units at various different levels of detail and modelling design. I have an article here that briefly covers the difference from a business perspective. http://www.absoluteepm.com/blog/erp-vs-epm-and-its-upcoming-convergence/ TBH I am not going to evaluate each EPM product for you, as that would take too long. There are enough materials out there that will explain what each product does. Thanks Anthony

Comment

Hi ERP Cloud and EPM Cloud serve completely different purposes. ERP Cloud is focused on transactional processing and coordinating the company’s resources, providing operational data to that company. ERP helps the organization determine the best ways to use given resources within the company on a day to day basis EPM Cloud supports the management processes that the enterprise can use to improve profits, and performance. It is used to help management optimise performance and get the most from its investments. EPM is designed to help the enterprise set goals, develop and execute plans and make changes needed through periodic reviews of results ERP may be able to hold a budget, but it can't be used to prepare a budget - the modelling exercise usually carried out in Excel. Neither can it carry out advanced Forecasting or planning. The EPM products come with advanced calculation and modelling capabilities, ERP doesn't, it may have some limited basic calculation features. PCMCS is a multi Stage allocation application. In basic terms ERP cannot cover this process. EDMCS, Master Data Management and Mapping, ERP cannot do this. EPBCS/PBCS advanced planning, budgeting and Forecasting, ERP cannot do this. A company could have multiple PBCS applications supporting a variety of markets, functions, business units at various different levels of detail and modelling design. I have an article here that briefly covers the difference from a business perspective. http://www.absoluteepm.com/blog/erp-vs-epm-and-its-upcoming-convergence/ TBH I am not going to evaluate each EPM product for you, as that would take too long. There are enough materials out there that will explain what each product does. Thanks Anthony

I need to still understand how FCCS works other than Cloud ERP GL in the context of period close process esp. - once FCCS is implemented how does it handshake with Cloud ERP GL to close a period.If I have correctly understood from the manuals currently FCCS and ARCS do not write back to ERP whilst PBCS can.

While the ERP can definitely do certain things of each EPM toolset, its not complete. Here is an example:

- Budgetary process
* ERP lets you load numbers but it cannot do detailed calculations in the form of Sales projections, allocations or apply security in the form of which department which user has access to see and post to

- Consolidations
* What I do understand is the ERP does have an HFM component to it, while you can potentially consolidate in the ERP it cannot easily integrate with another ledger (unless you enable FAH). Also any sort of multi GAAP / currency reporting requires setting up secondary / reporting / Adjusting ledgers which is just a lot of transaction data slices that just needs to be managed at a balance level

Generally I would use ERP only if the base data is transactional like Anthony indicated.

And you are correct FCCS and ARCS dont yet support a write back to the ERP and that is a good thing if you are in a multi ERP environment.